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postponed spending cuts for two months and left the debt-ceiling situation unresolved. "the big spending cuts didn't occur. we just don't know where those are at yet." and then there's the cost of obamacare. in some places, small companies are said to be preparing to downsize to get under the 50-employee cut-off. "companies just aren't taking chances. they're worried the economy will turn south. they're willing to stand pat rather than hire any time soon." sectors with the fewest layoffs include construction, retail, electronics, industrial goods, healthcare and government - the last two, healthcare and government, partly due to the ramping-up of obamacare. "they are hiring to create a cost-savings program for government to improve cost- efficiency. they hope to achieve a $400-million savings for an $80-million cost." for the year, the biggest reasons for layoffs were tied to company restructuring and closing of facilities. the deep political divide over whether to raise the debt ceiling is the next issue out of washington that could stall out business on wall street. republicans are vow
looming showdown over the debt ceiling and possible spending cuts delayed under the fiscal cliff deal. john boehner addressed the debt thursday in his opening speech. >> as speaker, i pledge to listen and to do all i can to help all of you carry out your oath of office that we are all about to take. because in our hearts we know it is wrong to pass this debt onto our kids and grandkids, now we have to be willing, truly willing to make this problem right. >> house speaker john boehner faced a massive backlashes week after initially canceling a vote on relief for superstorm sandy. the house is expected to vote on the first round of aid today. gun-control advocates introduced legislation on the first day of the new congress to ban high- capacity ammunition magazines in recent -- used in recent massacres including the one at sandy hook last month. carolyn mccarthy of new york said the assault magazines help put the mass in that shooting and anything we can do to stop their proliferation will save lives in america. she lost her husband in a shooting on the long island rail road. she introd
threatening to hold the debt ceiling hostage to force cuts in social problems, gridlock appears to be underway. for more on the state of the house, i'm joined by congressman jerry nadler, a good friend and congressman from new york. congratulations on starting this process all over again. good luck. >> thank you. we'll need it. >> eliot: you will, indeed. it was striking at the end when the fiscal cliff vote did occur. speaker boehner did something that some people actually admire. he brought the bill to the floor and got it passed with 85 republican votes and lot more democratic votes. what does that portend, do you think, for legislating as we go forward? is this the unique example that will somehow be the outliar or does this suggest some sort of convergence of interest is possible? >> i don't know. if we're going to get any kind of deals done that will stop government lurching from crisis to crisis, we're going to need to put together coalitions of democrats and republicans and you won't be able to allow the
the first few months, lawmakers face a looming government shutdown and battle over the debt ceiling and automatic spending cuts. former republican congressman jim nussle says this new crop has a tough job. >> what just happened with the debt and the deficit and the taxes, that doesn't go away. >> reporter: democrats still control the senate. and republicans the house with the same leaders returning. >> we're sent here not to be something but to do something. [ applause ] >> reporter: kildee says he's up for the job. >> while it's daunting, this is what i'm ready for. i'm here to work. >> reporter: his first major vote will be friday when the house takes up part of the superstorm sandy relief package. danielle nottingham, cbs news, washington. >>> and hillary clinton plans to return to work next week to finish out her term as secretary of state. she was released yesterday from a new york hospital where she was being treated for a blood clot. it was the latest in a string of medical problems that sidelined the nation's top diplomat for nearly a month. her doctors expect her to make a
is what wrangling in washington over spending cuts and the debt ceiling will mean for hiring. companies continued adding jobs even with the uncertainty over the fiscal cliff. and, many economists believe firms will increase payrolls this year in spite of the debt ceiling debate. >> i don't think that the spending cuts will be as significant headwinds for the u.s. economy because these spending cuts are made over ten- year period. there won't be a significant amount of spending cuts that will take place in 2013, so that's why i think it's less of an issue. >> reporter: still, there's ample concern about what the expiration of the payroll tax cut will mean for spending and ultimately hiring. don't forget all americans will see a smaller paycheck this year, because of that change. >> consumers aren't well poised to absorb a 2% tax increase and nonetheless that's what's going to happen, and it's going to keep us stuck in this slow growth territory. >> reporter: and, slow economic growth makes companies less confident about adding new workers. as a result, it is widely predicted that this ye
and it looks like republicans want to hold the debt ceiling as leverage to get the spending cuts that they so desperately want and many say this country needs, what is that going to do for uncertainty and jobs in 2013? >> jumping off the fiscal cliff is nothing compared to blowing through the debt ceiling. here is why. the fiscal cliff was something created out of congress. it was sort of a manufactured crisis. now, the debt ceiling is for real. we come up against a borrowing limit and the government has to stop paying bills and it is a blunt instrument. i don't think either side wants to blow through the debt ceiling. i think we have to take a little bit of this blusterer with a grain of salt. what we want to take away from this whole period of time. when the government cuts spending it has a negative impact on growth. in the short run it hurts growth. if you look over in europe and austerity measures and governments pull back not so good for economic growth. when we say we want to fix the debt and deficit we have to be careful how soon and how quickly it occurs. >> kind of like after the ho
cuts and take some leadership role in this. whether we accompany the debt ceiling increase with debt reduction, which, by the way, is the typical way things happen. that is business as usual. if the president wants to avoid drama, he should get a head of this. connell: let me ask you about the debt ceiling. i think it is a pretty interesting topics. we talk about free markets and interest rates going up. if we really believed in free markets, when it we just not have a debt ceiling? you'll not be able to borrow more money, interest rates will shoot up. why do we need a limit? >> as far as principals, we do not. congress wants to have a say in their overall issue of that. we already have evidence that it is too high. countries at our level of debt grow more slowly. that is not doubt and that is what the president needs to focus on. connell: our point here is that we talked about this a number of times, they will get their act together in washington when they are forced to. they will say -- when interest rates shoot up to a level that hurts us, then, they will cut spending. this debt l
march, when we hit the debt ceiling and when the automatic spending cuts come into play again, and either have to be replaced with other spending cuts, or again, kicked down the road. >> reporter: these are the same issues that snarled congress in the summer of 2011, and again during the fiscal cliff debate. there's little hope for a better outcome this year. president obama has promised not to negotiate with the new congress on raisg the debt ceiling, but republicans are ready to use it to force major federal spending reforms and tame the national debt. right now, the u.s. owes $16 trillion, but some calculate our total liabilities much higher. and as congress jumps from small deal to small deal as they have been, analysts worry big problems are just getting bigger. >> $60 trillion is a conservative estimate of our unfunded liabilities of medicare social security, and medicaid put together. that's scary. and, the fact of the problem of $2 trillion solutions to $60 trillion problems, you see the occasion of the lack of problem and resolve of the political class here in washing
march, when we hit the debt ceiling and when the automatic spending cuts come into play again and either have to be replaced with other spending cuts, or again, kicked down the road. >> reporter: these are the same issues that snarled congress in the summer of 2011, and again during the fiscal cliff debate. there's little hope for a better outcome this year. president obama has promised not to negotiate with the new congress on raising the debt ceiling, but republicans are ready to use it to force major federal spending reforms and tame the national debt. right now, the u.s. owes $16 trillion, but some calculate our total liabilities much higher. and as congress jumps from small deal to small deal as they have been, analysts worry big problems are just getting bigger. >> $60 trillion is a conservative estimate of our unfunded liabilities of medicare social security, and medicaid put together. that's scary. that's scary. and, the fact of the problem of $2 trillion solutions to $60 $2 trillion solutions to $60 trillion problems, you see the occasion of the lack of problem and resolve of
on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and royalty in the same sentence. but tonight i am reporting on the king of maine. that would be angus king, near republican or democrat, officially independent. a former two-term governor, he promised a new approach. and it paid off. >> i do. >> my favorite line from the campaign is a guy up north who said "all my life i've wanted a chance to vote for none of the above and you're it." >> it's been difficult to envision this day when i would be saying farewell -- >> reporter: king is replacing olympia snow, a respected republican senator who quit in frustration over washington's deadlocked ways. >>
spending cuts and deal with the debt ceiling which is of the month, the halfway cut their is a chance the yields will go higher throughout the course of the year, but i would not throw in the towel or bet all my eggs. i still think that there is a chance that as long as inflation remains low in the economy remained steady but not running away from us there is a chance that buying yields will at least remain in the same range of where they are now. liz: well, we like to have smart guys like you want because you can tell us what to anticipate. half of the battle is anticipating in being ready. to you have two major concerns, two things that could possibly happen that could derail the picture entirely? >> again, treasuries are going to be aafunction of inflation and economic growth. all of noise around what's going on in congress, and certainly what the fed will do. the fed pulls completely out between now and the end of the year, that would be a major factor. at least -- but they have also said that unless unemployment is below six and a half%. let's say we have -- that's one thing. eco
and it is all about the looming fights in congress over the spending cuts and the debt ceiling, they'll make for a couple volatile months for the market in january and february, ashleigh. >> okay, alison, thanks very much. have a good weekend. >> you, too. as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, when you call now, you'll get th
in on their agenda... old ver.but - problems. with the looming debt ceiling crisis, lawmmkers cut spending, which as proved not to be an asy task with partisan politics at ppay. the new year we'll focus on is seeing if we can put a paccage little bit less drama, a - little bit less brinksmanship. this coogresssincludes the fiist openlyygayyseeatorrann the first openly bi-sexual member from either also ncludes a record number of women - 20 in tte senate and 81 in the house. the new congress is scheduled to vote todayy.. on aid foo viccims of superstorm sandy. the house is expected to billion-dollar measure... to pay for flood insurance claims. some lawmaaers say the mooey is urgently needed for storm victtms... who have been awaiting claim checkk sincc this was the scene thursday... as earry 4-hundred sandy hook sttdents resumed class.tte siteeof the shooting is still part of an ongoing investigation... so former middle school in nearby town was re-puuposed... and reeamed students a sense of familiarity... desks and otter oojects were bbought to their new school. a number of &pp
was reelected speaker. with the looming debt ceiling crisis lawmakers have to figure out where to cut spending which has proved not to be an easy task with partisan politics at play. >> we have to be able to take back common ground. we all agree we've got to deal with the national debt. we've got to deal with our deficits. >> the president needs to show up early this time. the american people will not tolerate the kind of last minute crisis that we've seen again and again over the last four years. >> reporter: in washington i'm sandra nedo. >>> a familiar face returning to work to a round of applause today. senator mark kirk back for the first time since he suffered a debilitating stroke almost one year ago. vice president joe biden and senator joe manchin stood by the illinois republican as had he to use a four-pronged cane to climb those 45 steps to the capitol. senator kirk had to learn to walk again after that stroke. >>> d.c. delegate eleanor holmes norton is in her 11th term up on the hill and while she is facing the same legislative calendar as her colleagues, she's also focused on the
few months, lawmakers face a looming government shutdown and battle over the debt ceiling and automatic spending cuts. former republican congressman jim nussle says this new crop has a tough job. >> what just happened with the debt and the deficit and the taxes, that doesn't go away. >> reporter: democrats still control the senate. and republicans the house with the same leaders returning. >> we're sent here not to be something but to do something. [ applause ] >> reporter: kildee says he's up for the job. >> while it's daunting, this is what i'm ready for. i'm here to work. >> reporter: his first major vote will be friday when the house takes up part of the superstorm sandy relief package. danielle nottingham, cbs news, washington. >>> did you change something? >> drivers with one thing in common. how the dmv says they make our streets more deadly. >> is tuition going up all the time? why some california students might be able to pay a flat rate for a college degree. ,,,,,,,,,,,,,, driving. the research released todayy th shows men >>> here is something that may startle
to force spending cuts in exchange for lifting the debt ceiling? that's next. >>> plus don't file your 2012 tax return just yet. the irs might not be ready for it. gerri willis explains coming up. we'll get into that. first as we do at this time every day let's take a look how oil is trading, again reflecting the market's, well, modest reactions today, drifting slightly lower almost unchanged at 92.89 a barrel. we'll be right back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. ashley: the battle for the fiscal cliff is over. whew. let's move onto the next cliff. u.s. is set to hit the debt ceiling in about two months and the big question will the new congress do better with deadlines than the old once. i will give you an answer and my next guest is cautiously optimistic. here is allison frazier, from the heritage foundation. allison,
. >> the debt ceiling wants a blank check cut to him. he would make it so that he could say whatever he want and there were no limits on the debt. he set this matter up. >> under the constitution, only the congress can send money. the senator and colleagues voted for the debt and we must pay it. the president is exactly right. it should be non-negotiateiable to pay the lebts. that should be nonnegotiable. >> congress and the house and the senate have been raising the debt ceiling according to the law to keep it going. dozens and dozens of times. we had no debt ceiling. >> congress every few years, every two or years was forced to raise the debt. last time it was a big deal. >> it has been for a while now. even president obama voted against raising the debt. >> that was shameful. he now said he regrets that. i'm with you. he should have never cast that vote. america must pay its bills. those are not obama's debts. >> if the president holds to what he is saying, i am not negotiating and the republicans are not going to raise it unless we come up with spending cuts equal to the debt ceiling. wh
't think congress wants to cut, except for maybe a handful. then you have the debt ceiling bill which runs smack into a government shutdown potential. those are the -- those are the big issues coming up in january and february. what do you want boehner to do? is it right for your and caucus that boehner stay out of the negotiations with obama? that's what he pledged. he wanted to pick up conservative votes as bob costa said. is that what you want him to do? >> well, that's his decision. what i want to make sure we do is if he does go into negotiations, this is critical for any negotiation, you have to be willing to walk away from the table. and then you can start moving things in a more conservative direction. and we can start controlling spending. look, we can raise the debt ceiling, not raise the debt ceiling. our credit rating will get downgraded. what we have to do if we want to do the right thing for our country is control spending that's what i ran on. that's what i'm intending to do representing the first district of oklahoma. >> all right. how about no more tax hikes in the house?
. >> you fudged it in this one you'll do it again. >> we do have the debt ceiling issue otherwise we'll have sequestration. >> these automatic cuts, you can move the goal posts. >> well, i believe that 1.2 trillion is a good goal to cut over the next ten years. the fact that we-- >> and that's a rounding error, that's a rounding error worth of medicare. >> 10% off of everything, i mean, there are actual programs where i would like to eliminate and i would like to try to keep other programs, so, that's important. but you know, there were a couple of things that happened in this deal that we made. first of all, he yes, taxes will go up on those people who as a couple make $450,000, some capital gains and dividend will go up some percentage, but i want to thank those people because they're some of the first to put something on the table and i don't think we should demonize them as the wealthy, it's a great thing if you grow up in america or come to america and strive to make a business or do something or have an idea to become successful and you happen to make money from it, it's even g
to use the debt ceiling fight to get the spending cuts he wants. >>> also, a few days late, but the house finally voted for aid to hurricane sandy victims. you'd think a no-brainer. but they promised to punish members for approving the aid and 67% of house republicans voted no. we're going to ask an opponent of aid to confirm that one. now the senate is looking for inappropriate access. leave it to vice president joe biden. >> hey, mom. how are you? >> good to see you. i'm joe biden. >> his glad handing yesterday has drawn snickers from critics, but let's praise the vice president for showing the world how to get it done. for being a pa. >>> finally, michelle bachmann. we begin with the republicans threatening to shut down the government if they don't get the spending cuts they won.
one of the sandy relief package today. >> but with the debt ceiling and deep spending cuts looming and a budget crisis coming up, will congress get more done than its predecessor? steve la tourette, chair of a republican advocacy group. he was a republican senator from ohio. you get the sense he's glad to be gone. >> i didn't think this is what retirement looked like, though. >> i have to start out by asking, yesterday a rather interesting day on the house floor. former colleagues re-elected speaker boehner as speaker of the house. there were a number of members, more than 10, who either didn't vote or voted against him. what do you make of the statement they were delivering? what do you think they were saying? >> it is not horribly unusual, it's the fourth time it's happened in my time here in washington. the first one with newt gingrich and then nancy pelosi lost some of her members and jim trafficant voted for dennis hastert. it's really not a good way to start your career. >> you talk about how you weren't expecting retirement to look like this, congressman. let me point out th
and the need to raise the nation's debt ceiling. >> brown: still to come on the "newshour" tonight: weighing the fiscal cliff deal; charges in the india gang rape case; the country's crumbling sewage system and an expanding american reach for al jazeera. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: for another member of congress, today marked an especially momentous return to work. republican senator mark kirk of illinois suffered a stroke 10 months ago, and had to learn how to walk again. today, he climbed the 45 steps of the capitol, with vice president biden and west virginia senator joe manchin on hand for support. secretary of state hillary clinton will return to work at the state department sometime next week. clinton was discharged yesterday from a new york hospital, where she had been treated for a blood clot in her head. a state department spokeswoman said clinton is now resting at her home in new york, but wants to get back to washington. >> some of the senior staff who spoke to her half an hour ago said that she's sounding >> some of the senior st
in the budget control act. >> reporter: raising the debt ceiling in the next few weeks will be another showdown. house speaker boehner told the republican conference friday he'll use that as leverage for more spending cuts. >> that will definitely be a battle between house speaker boehner and president obama. president obama has already said he's not getting into that debate. jennifer johnson, capitol hill, news4. >>> a water-rich meteorite helped researchers prove that there could be life on mars. the rock, which was formed 2.1 billion years ago has ten times more water than any other martian meteorite. it's been nicknamed black butty and weigh being 11 ounces. >>> the parking lout -- that shows you the tail gaiters there, four hours before the game. this week will be a great day. if you're thinking about heads out this evening, you will need the colts. it's been blowing toward the north all day long, but starting to move into the rest of the region. we're starting to see windchills really dropping. 46 was the high, above the average high of 43. that coming after a low of 27 this morning. the
the debt ceiling. >> reporter: in late february they will exhaust as measures to avoid the fiscal cut. in march out spending cuts take effect. and later the congressional f d funding resolution currently funding the government expires. they don't plan to say anything more about the timing of geithner's departure until after his successor is nominated. now, the leading candidate to replace geithner is white house chief of staff jack lew who was the former director of the office of management and budget. white house sources tells cbs news that the white house hasn't made that decision yet and he's likely to make other cabinet announcements first. >> thank you. let's bring in chief washington correspondent and host of "face the nation" bob schieffer. good morning. >> good morning, norah. >> we just heard about geithner leaving as treasury secretary and all the fiscal fights ahead of us. how does that affect things? >> i think that's going to make it harder if that's possible. geithner will not be there. there will be arguments over fiscal policy that will weigh in to the confirmation of
at least on the house side. they are going into this debt ceiling debate, though saying we the u.s. -- if we don't cut spending to an equivalent amount, that we're in danger of turning go greece. here is the senator quote . . . so let me -- let me just ask you about that, though. because people often compare the u.s. to greece if in fact we don't slash spending. is that a realistic concern? >> no, for a variety of reasons. first of all greece has been in default about 50% of the time over the last 150 years. the u.s. has never defaulted. number 2, the u.s. government is borrowing at near historic low rates about 1.9% on a ten-year treasury bond. the greek government is borrowing at i think around ten right now, but some time during the past year the cost for greek borrowing on a ten-year basis was in the 40% range. so the rest of the world is saying to us, we believe your economy is strong. we believe you can easily adjust your spending and revenue lines over time to handle that long-term debt problem that is out there. right now the debt to gdp ratio in the u.
another thorny issue this year. president barack obama wants to raise the debt ceiling, that's the limit of how much the federal government can borrow. members of congress need to reach a deal by the end of next month. >>> students who survived a mass shooting at a school in connecticut have endured a rough few weeks. they went back to class for the first time since the attack. about 400 students arrived at an unused junior high school. they are using the building at a neighboring town as their new campus. their old school remains closed. a gunman entered sandy hook elementary last month killing 20 of their school mates and six adults. the attack prompted president barack obama to push for tighter gun control. he suggests he wants to ban assault rifles and strengthen background checks. a recent poll suggests many americans still oppose a ban on the sale of assault rifles. the national rifle association carried weight across capitol hill and many republicans too are against further restrictions. >>> al jazeera has set its sights on one of the world's biggest tv markets, the united states.
to have a debate with congress over raising the debt ceiling and making sure america can pay its bills, but as we saw the last time, that's not really up to the president. >> yeah, now, first thing's first, the house taking up the sandy aid bill today. how is this different than what they've considered before or haven't considered before? >> well, the thing is the senate already passed a bill. what the house is doing is breaking it into two pieces. after they reached that big deal to avert the fiscal cliff, postpone it, really, a lot of house republicans, especially from new york and new jersey, were angry the speaker did not put on the floor a vote for sandy aid for these relief victims. they're going to vote later this morning on a bill. about $9 billion for the national flood insurance program. that's to be able to give money to that program so it doesn't run out. fema has said that money would run out starting next week at some point. the idea is to vote on that today and then on january 15th they'll vote on another $51 billion in general aid. so today's the first of two votes. >>
. and the possible default of the government when the country reaches the debt ceiling. house speaker john boehner, who was re-elected, despite rebellion among some conservatives, says he hopes the new congress will rise to meet the country's extraordinary challenges. rob and paula? >> only time will tell. should be interesting, as always. tahman bradley, live in washington. thanks, tahman. >>> and there was a moment of bipartisanship, believe it or not. dozens of democrats and republicans, cheering on illinois senator, mark kirk. nearly a year after suffering a major stroke, kirk made the slow climb to the front door of the senate, with a little help from the v.p. and another colleague. he conquered all 45 steps. we'll take a look at some of the other memorable moments, coming up in just a minute. >>> and a special visitor comes to newtown, connecticut, today. former congresswoman gabby giffords is meeting with families of the 26 school attack victims. meantime, the school's children head back to class for their second day today in a new building, amid very tight security. abc's amy robach report
by two months. draw the line in the sand there, but it coincides almost completely with the debt ceiling. it's going to all be wrapped up into one. >> no coincidence why they set the deadline that they did to delay the sequestration by amount of time. it takes us to the debt ceiling which is where the republicans want to go so that they can use that as leverage. what other leverage is anybody going to have to try to get a spending cut done? >> i wish he had been more specific to say, we asked him repeatedly, if you don't get enough cuts from the president should you take the sequester instead? he didn't really give us a good answer, right? >> he thought rational minds should prevail and they should have a thoughtful conversation about what cuts should actually happen. he's right, but it hasn't happened. >> he's absolutely right. >> it never happens. >> so many rational thinking people that come here and say the very same thing, but we don't make the laws. >> and we don't elect them? >> we did elect them. >> i know. >> as a whole. >> it's just proof that congress has very different incent
months and the possible the fault of the government when the country to the debt ceiling. house speaker john boehner, despite rebellion g some conservatives, says that he hopes the new congress rise to meet the country's extraordinary challenges. tahman bradley, abc news, washington. >> 33 degrees on this friday morning. >> still ahead, if you thought favorite singer could hold a note. until you hear one of you were singing "hail to the redskins." >> and a decision on whether redskins." >> and a decision on whether -- google fav man: at turbotax, we know this is more than a paycheck. we know all the hammering, dg,ving, writing, nursing, and teaching it took to earn it. so we give you the power to keep as much of your hard-earned money as possible. our customized interview covers everything from a service member's deployment, to a student's loan interest, right down to a teacher's crayons. you've worked hard to earn your money. we're here to help you keep it. turbot t-- the power to keep what's yours. try it free at haaaaaaaaaaaaaaaaaaaaa ail e]olding a not to the redskins
and the government could hit the debt ceiling. it would make the last couple weeks look like peace and harmony in comparison. >> and there are now 20 female senators, most ever in u.s. histry. diane sawyer sits down of 19 of them for an interview tonight at 5:30. >> still ahead, you'll want to see this play by play description from a very young sportscaster going viral. she's correct. the preschooler that gets it right. >> a soon to be setting sun from our camera. i'm spencer christian ask will have the accu-weather forecast coming up. >> and taking a look at traffic right now, on the bay bridge toll plaza, it's very easy to mick your way into san francisco. if you >>> this is cute. we've heard of arm chair quarterbacks and experts are getting younger and younger. one is making herma]zóy around you tube. michigan, south carolina. michigan needed four yards late in the outback bowl. you can see the runner came close to getting the yellow line and reaching it. but was just short. officials asked for a measurement. and it was two inches short but everybody but refs realized thachl the 3-year-old
the naaionns debt ceiling agaan.../.thht & deadline... is only two months away .../ and... republicaas are expeeted to push for omething ...that was dropped... almost... entirely from the fiscal cliff deal.../ cuts... & in government sppnding. 3 mcconnell sayss "we cannot agree to increase that borrowing limit wwthoutt agreeing tooreforms that lower the avvlancce of speeding -3 that'' creating this debt in the first placee"obama ays, many thhngs, i will not have another debate withhthis congress over whether or not they''e already racked up through the laws that they passed." passed." 33 the last ebt ceeling debate fliittd with the first evvr us governmmnt default and left us wwth a ssiggtly lowered credit rating. 3 wx>-3 3 3 wx> 3 3 3&pgettinngthe blame foo obesity. tte substance that can ttick you inno eating too much. 33 pi'm going to ttyyagain this year to gettinto better physical hape p3 3 sticking with your new years pesslution... how you're pmartph
effect in two months and the policies default of the government when we reach the debt ceiling. >> house speaker boehner who was reemelected to house speaker despite rebellion among some conservatives hopes the congress can rise to meet the exceptional challenges. >> before you go, the first vote provides resources for flood insurance but that is just a small piece, right? the prosecute of the relief, what about that? >> the speak speaker says congress will take that up january 15, he wants to make a downpayment on some of the money and come back with another vote in a couple of weeks. >> thank you for that report. >> federally mandated improvement project shuts down a runway at san francisco international airport for three weekends this month. it will cut the hourly number of flights in half. it could result in delays for delights in a two hour radius of the airport. crews will install upgrades including new lighting systems and navigation aids. the first closure begins next friday. >> we have not seen so many delays because of weather, right, because it has been clear and dry. >> the c
did not talk with it in advance, i think i came in fifth. neil: they said, you just watch neil debt ceiling comes up we'll get serious then are we? >> it is already to get -- it is going to be hard to get cuts, what washington does not want to do is cut any. anything. republicans lost their mojo as they went along, obama said, if you hold this up, i am going to point a finger at you, the republicans should have said fine. what are your ideas? that never came through. neil: steve, you wanted mitt romney to win, but was the election take away that morning said no to cutting down government because democrats seem to be behaving by demanding that en tightments -- entitlements are off the table. what do you think? >> no, the republicans won the house. and they control the house, and republicans did that because they want to cut spending. i think that american impeachment, fundamentally in the heartland, in small, understand we have a revenue issue here, and a spinning issue in the country. already, we try revenue thing that is we drove off the cliff, and they you know threw them a bone w
have to deal with spending cuts and the debt ceiling. so was there an impact, and then, will we see an impact in the next couple of months? >> i did not see a dramatic impact in this job report. i mean, if you look at the unemployment rate, it stayed about the same. what i do think is really important is that we continue to move forward, because we still have unfinished business in terms of infrastructure, job development in areas that are still needed, like construction, continuing our work in manufacturing, and renewable energy. and also addressing other issues that need to be taken care of. do we keep our eye off the ball? no, we keep moving forward and making those investments and encouraging small business to continue to push up. that's why the president pushed for r & d, research and development, and giving incentives for business toss do the right thing and get involved in new types of industries. green industries, technological industries, things like that. >> sure. >> i'm encouraged. i'm encouraged. but you know, it takes two parties to come together. the president understa
that this whole matter of raising the debt ceiling he believes will have to be tied to a conversation on spending cuts. he wants to see that happen, and john cornyn, who was a top senate he republican on the senate side wrote a column "the "houston chronicle" saying perhaps there needs to be a government shutdown to get the conversation going. after all that yesterday, we get back to the business of brinkmanship on the hill. >> you yhope it doesn't requirea government shutdown. you're doing a good duty tolerating the congress and shenanigans going on. >>> today is election day. at 1:00 eastern congress counts of electoral college votes from the 2012 presidential election. we bring that part of the vote live to you at the top of the hour. >>> war, global warming and nuclear threats, it's a dangerous world out there, right? a new harvard study says it is actually a safer world than ever before. power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get r
it publicly than when you say privately. >> 72% of the debt camerican people think the debt ceiling talk should be accompanied by spending cuts. >> democrats are not saying we are not having spending cuts. we have all agreed to over $1 trillion in cuts in the budget control act. we all know this has to be in three parts -- revenue to reduce the deficit, growth to bring money into the treasury, and cuts in establishing our priorities in a way that does not harm our future growth. for example, cuts in education and investment in innovation which i think are a false economy because they reduce the possibilities for growth rather than increase them. none of us is saying we will not talk about spending cuts. >> it has said -- it has been set up as the republicans want bigger spending cuts. >> i think that is a complete manifestation of the philosophy at work on the republican side. if you do not believe in a public role, if you do not heed the call of president washington that a political party should not be at war with their own government, then you would disagree with what the republicans a
ceiling. it could be even nastier fight we just saw. democrats say they won't deal on debt limit what they did in the summer of 2011. republicans say, no this is what when we have to cut our spending and get our finances in order and how they resolve this in the next two months will be a very interesting dynamic to watch. in terms of actual tone and the nature of the congress, you've got a lot of democrats will say, you've gotten rid some of the tea party fire brand republicans as they call them and hopefully that would make for more cooperative environment. there are a lot of new members of the congress are elected, they really ran on being cooperative, bipartisan, being problem solvers. it's so divided congress, we've got a democratic senate and we've got a republican house who really don't see eye on eye on much of anything. i'm not convinced at this point that very partisan nature of congress that we saw for the next two years will be too different now. host: let's look at the members and how they voted and the key that we're looking at are the nine or ten republican who voted fo
. by the end of march the government will run out of money. you've got to raise the debt ceiling by the end of february. are they going to be able to do this and right now i don't see much difference. i hate to be such a pessimist. i think we're going to go down to the same kind of mess, the last minute of the last hour of the last day to get this stuff settled. it's just not the way a super power should be running its business, but it seems to be the way we do things around here. >> virginia's tim kaine, newly elected senator, says hey, we've got 15 new members on the senate side that. will change the dynamic. you don't seem to think that's likely? >> well, i don't know. maybe so. maybe they'll come in with some kind of super powers that we don't know about, but i have to just judge by what i've seen and what i see coming and will this congress have the political will to do what's necessary? the people around here still -- do people around here still know how to make a deal? i'm not sure that they do. i think some of these arts may have been lost somewhere along the way. i hope i'm totally
little. and i agree that the uncertainty, be it the fiscal cliff or the debt ceiling is why the fed took aggressive action, not just in december, but back in september. but i don't think they're going to be able to ease off, really, until the second half of the year and that's provided that the economy continues to improve. >> as a deal has evolved and we've had time to think about it, we did avert the immediate sequester cuts and we averted some of the shock of that. but, you know, you look into the numbers, the details themselves, that huge base, that 98% base that the clinton -- that president clinton was able to work with, that tax base of 98%, that's permanent now. where are we going to get -- the 2%, there's not enough money there to make up for that 98% that we're never going to get again. why would people be looking at this deal and saying, i feel better? >> i think what we've seen this week, whether you're looking at equities or the rise in bond yields is just the sigh of relief. the fact is, you have to talk about spending cuts at some point. it's going to be particularly conte
time, the government will hit the debt ceiling. the looming battle over those two issues might make the last couple of weeks in washington seem like peace and harmony in comparison. rob and paula, back to you. >> thanks, karen. the day was supposed to be about the lawmakers, but one had the spotlight stolen. new york senator kirsten gillibrand's photo op with the vp didn't go as planned. her cute little son decided it was time to mess up mommy's hair. >> if he had touched biden's hair, that would have been funny. >> i don't think it would have moved. >>> secretary of state hillary clinton actually plans to be back at work next week. she left a new york hospital on wednesday and is now resting at her suburban home. a state department spokesman says she's talking to staff and looking forward to resuming her official duties. she will not be making any overseas trips, at least for the time being, as she continues to recover from that blood clot near her brain. >>> it's day two back in school for the children of sandy hook elementary school in connecticut. while the kids are in class, fo
>> they believe the debt ceiling increase should be presented and say no we are not going to negotiate it all? >> i don't think democrats are saying we don't have spending cuts as the basis of your question. we have only reached over a trillion dollars in cuts in the budget control act. so we all know how we proceed has to be in three parts, revenue to reduce the deficit, growth to bring money into the treasury and cuts and establishing a were priorities in a way that does not harm our future growth for example the cuts in education and investments and innovation which i think are a false economy because they do reduce the possibility for growth rather than increase it. so i don't hear -- none of us is saying we are not going to talk about spending cuts. >> typically they are indicating now that they still want larger than any ever debt limit increase. >> i think that is a complete manifestation of the philosophy that is at work on the republican side. if you do not believe in the public role, if you do not heed the call of president washington that a political party shouldn't be at war with
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